- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Lola (Langusta) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Nov-29 10:30 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>25143.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Declining productivity in Singapore a problem
SINGAPORE, Nov 30 — The declining productivity of Singapore’s workers is likely to be a key issue tackled by the Economic Strategies Committee (ESC) when it releases its recommendations in January. <-- Productivity my ass, these PAP jiak liao bees must set up 'committees' for everything to deflect responsibility and blame!
This is a problem the government-led panel — set up to find new ways for Singapore to grow over the medium term — should address, say economists.
Over the last few years, Singapore’s rapid growth has been mostly driven by a massive increase in the workforce, said Citigroup economist Kit Wei Zheng. <-- John Harding aka 'japarmy' highlighted this as early as 2004 in the old SBF.
But it is clear that growth powered by importing foreign labour is simply not sustainable, he said.
Between 2006 and last year, the number of workers in Singapore jumped an average 6.5per cent a year, largely due to liberal immigration policies, said Kit. <-- hence the skyrocketing HDB prices! PAP is manipulating the Ftrash policy to boost property prices, so SLA can make more billions of dollars for Whore Jinx and Lau Cheebye to gamble away!
By last year, foreigners accounted for a third of the three-million-strong labour force, up from only a quarter in 2004.Singapore’s economy boomed correspondingly with average growth of 8.2per cent a year between 2004 and 2007.
But while sheer numbers have fuelled growth, the actual productivity of each individual worker has fallen. <-- kill off all the top 10% multimillion dollar salary jiak liao bees who account for 90% of wage costs and you'll achieve productivity improvement by MULTIPLE FOLDS overnight!
According to the first-ever Singapore Competitiveness Report produced last week by the Asia Competitiveness Institute, Singapore’s labour productivity — measured in terms of total output per employee — lags that of developed countries including the United States, France and Norway, as well as Asian neighbours Hong Kong and Taiwan.
The report also found that productivity here is falling in the sectors of manufacturing, construction, hotels and restaurants, business services and wholesale and retail trade — which, taken together, employ two-thirds of the workforce and make up 60per cent of the economy. <-- If the report had consider the BLOATED PAP civil/sewer service, they will find productivity is probably worse! A perm sec can go on month long vacation and spend $46k to learn how to cook! KNN! Absolute JIAK LIAO BEE!
In manufacturing and hotels and restaurants in particular, productivity has been on the decline since 2006, said the report. This is about the same time foreign workers started entering Singapore in larger numbers. <-- see kojakbt22's charts here on Ftrash imports
For any economy, labour is a key ingredient in creating output and powering growth. To raise output through labour, an economy can either keep increasing the number of workers — which is not viable in the long term — or raise the amount of output from each worker. <-- expect to hear more looney jingles and oneliners from PAP court jester Lim SHIT Say soon!
More productive workers improve an economy’s competitiveness.
But improving productivity may involve tweaks to Singapore’s foreign worker immigration policy, say economists.
“One reason for the lower productivity may be the large influx of foreign workers in recent years,’“said an economist who declined to be named.
“With more workers available, each worker doesn’t have to work as hard.” <-- just like whats happening in the PrimeD minister's office! Hundreds of jiak liao bees in there, heck, we even need 3 'prime ministers' to run this tiny island! Talk about being UNproductive!
There have been hints that immigration policy may be tightened, said Kit.
He noted that in September, Prime Minister Lee Hsien Loong said the rapid influx of foreign workers would start to slow. Recently, the Ministry of Manpower tripled the minimum medical insurance for S-Pass and work permit holders, effectively raising the cost of hiring foreign workers. <-- benefits the GREEDY INSURANCE CORPORATIONS like PAP's CUNT and western cheats like AIA, Prudential etc! What about Singaporeans who have been displaced or salary slashed thanks to PAP's COME-FUCK-ME open door prostitution Ftrash policy leh?
“Gradually switching off the tap on low-wage foreign labour would force employers to come up with measures that enhance productivity,” he said.
But employers are likely to resist any tightening of foreign labour supply, given their frequent complaints that Singaporeans are unwilling to take on menial jobs. <-- Addicted to cheap ftrash labour now they KPKB when PAP wayang about shutting the Ftrash tap before upcoming GE? Pay salaries that can sustain a Singapore family, and Singaporeans will work for you! Australia don't have such problems because employers pay market rate and the aussie govt don't spread the country's legs like a CHEAP WHORE to attract all kinds of parasites to leech!
In the end, the committee, chaired by Finance Minister Tharman Shanmugaratnam, may not be able to make much headway on the issue of productivity, said UOB economist Jimmy Koh.
“This is a question that should be debated, but I’m not sure there will be any concrete outcome from the ESC,” he said. <-- because its all WAYANG by PAP to create an illusion of reducing Ftrash imports to appease the electorate! After GE, all outstanding EPs, WPs, S-Passes, PRs will be approved and the floodgates will be opened full swing!
“National productivity is certainly something to watch, but on a corporate level companies are more likely to be concerned with unit labour costs than with productivity.” <-- see what I mean? All wayang but no bite! PAP's incestuous relationship with the corporations and businesses will never allow PAP to turn off the cheap source of Ftrash labour imports so as to boost corporate PROFITS!
An area the committee may focus more on instead is providing more social support for lower-income groups, Koh said. <-- akin to throwing bones and scraps at the peasants and tell them to be happy?
Low-wage foreign workers have contributed to the widening of the income gap as they are more willing than local workers to accept less pay for lower-skilled jobs, said DBS economist Irvin Seah. He said some Singapore workers are struggling to keep pace as the economy develops and are in danger of losing their jobs. — The Straits Times
</TD></TR><TR><TD class=msgVFM colSpan=2 align=middle>View Full Message</TD></TR></TBODY></TABLE>
SINGAPORE, Nov 30 — The declining productivity of Singapore’s workers is likely to be a key issue tackled by the Economic Strategies Committee (ESC) when it releases its recommendations in January. <-- Productivity my ass, these PAP jiak liao bees must set up 'committees' for everything to deflect responsibility and blame!
This is a problem the government-led panel — set up to find new ways for Singapore to grow over the medium term — should address, say economists.
Over the last few years, Singapore’s rapid growth has been mostly driven by a massive increase in the workforce, said Citigroup economist Kit Wei Zheng. <-- John Harding aka 'japarmy' highlighted this as early as 2004 in the old SBF.
But it is clear that growth powered by importing foreign labour is simply not sustainable, he said.
Between 2006 and last year, the number of workers in Singapore jumped an average 6.5per cent a year, largely due to liberal immigration policies, said Kit. <-- hence the skyrocketing HDB prices! PAP is manipulating the Ftrash policy to boost property prices, so SLA can make more billions of dollars for Whore Jinx and Lau Cheebye to gamble away!
By last year, foreigners accounted for a third of the three-million-strong labour force, up from only a quarter in 2004.Singapore’s economy boomed correspondingly with average growth of 8.2per cent a year between 2004 and 2007.
But while sheer numbers have fuelled growth, the actual productivity of each individual worker has fallen. <-- kill off all the top 10% multimillion dollar salary jiak liao bees who account for 90% of wage costs and you'll achieve productivity improvement by MULTIPLE FOLDS overnight!
According to the first-ever Singapore Competitiveness Report produced last week by the Asia Competitiveness Institute, Singapore’s labour productivity — measured in terms of total output per employee — lags that of developed countries including the United States, France and Norway, as well as Asian neighbours Hong Kong and Taiwan.
The report also found that productivity here is falling in the sectors of manufacturing, construction, hotels and restaurants, business services and wholesale and retail trade — which, taken together, employ two-thirds of the workforce and make up 60per cent of the economy. <-- If the report had consider the BLOATED PAP civil/sewer service, they will find productivity is probably worse! A perm sec can go on month long vacation and spend $46k to learn how to cook! KNN! Absolute JIAK LIAO BEE!
In manufacturing and hotels and restaurants in particular, productivity has been on the decline since 2006, said the report. This is about the same time foreign workers started entering Singapore in larger numbers. <-- see kojakbt22's charts here on Ftrash imports
For any economy, labour is a key ingredient in creating output and powering growth. To raise output through labour, an economy can either keep increasing the number of workers — which is not viable in the long term — or raise the amount of output from each worker. <-- expect to hear more looney jingles and oneliners from PAP court jester Lim SHIT Say soon!
More productive workers improve an economy’s competitiveness.
But improving productivity may involve tweaks to Singapore’s foreign worker immigration policy, say economists.
“One reason for the lower productivity may be the large influx of foreign workers in recent years,’“said an economist who declined to be named.
“With more workers available, each worker doesn’t have to work as hard.” <-- just like whats happening in the PrimeD minister's office! Hundreds of jiak liao bees in there, heck, we even need 3 'prime ministers' to run this tiny island! Talk about being UNproductive!
There have been hints that immigration policy may be tightened, said Kit.
He noted that in September, Prime Minister Lee Hsien Loong said the rapid influx of foreign workers would start to slow. Recently, the Ministry of Manpower tripled the minimum medical insurance for S-Pass and work permit holders, effectively raising the cost of hiring foreign workers. <-- benefits the GREEDY INSURANCE CORPORATIONS like PAP's CUNT and western cheats like AIA, Prudential etc! What about Singaporeans who have been displaced or salary slashed thanks to PAP's COME-FUCK-ME open door prostitution Ftrash policy leh?
“Gradually switching off the tap on low-wage foreign labour would force employers to come up with measures that enhance productivity,” he said.
But employers are likely to resist any tightening of foreign labour supply, given their frequent complaints that Singaporeans are unwilling to take on menial jobs. <-- Addicted to cheap ftrash labour now they KPKB when PAP wayang about shutting the Ftrash tap before upcoming GE? Pay salaries that can sustain a Singapore family, and Singaporeans will work for you! Australia don't have such problems because employers pay market rate and the aussie govt don't spread the country's legs like a CHEAP WHORE to attract all kinds of parasites to leech!
In the end, the committee, chaired by Finance Minister Tharman Shanmugaratnam, may not be able to make much headway on the issue of productivity, said UOB economist Jimmy Koh.
“This is a question that should be debated, but I’m not sure there will be any concrete outcome from the ESC,” he said. <-- because its all WAYANG by PAP to create an illusion of reducing Ftrash imports to appease the electorate! After GE, all outstanding EPs, WPs, S-Passes, PRs will be approved and the floodgates will be opened full swing!
“National productivity is certainly something to watch, but on a corporate level companies are more likely to be concerned with unit labour costs than with productivity.” <-- see what I mean? All wayang but no bite! PAP's incestuous relationship with the corporations and businesses will never allow PAP to turn off the cheap source of Ftrash labour imports so as to boost corporate PROFITS!
An area the committee may focus more on instead is providing more social support for lower-income groups, Koh said. <-- akin to throwing bones and scraps at the peasants and tell them to be happy?
Low-wage foreign workers have contributed to the widening of the income gap as they are more willing than local workers to accept less pay for lower-skilled jobs, said DBS economist Irvin Seah. He said some Singapore workers are struggling to keep pace as the economy develops and are in danger of losing their jobs. — The Straits Times
</TD></TR><TR><TD class=msgVFM colSpan=2 align=middle>View Full Message</TD></TR></TBODY></TABLE>
